Sensex up on economic recovery prospects; rupee ends higher ...Qatar

India’s stock benchmark rose for a third straight week as investors snapped up shares on prospects of a recovery in the domestic economy even as valuations soared. The S&P BSE Sensex advanced 0.7% to close at 43,882.25 points, taking its weekly climb to about 1%, while the NSE Nifty 50 Index rose by a similar magnitude. This is the longest streak of weekly gains for both gauges since July, despite them falling from a record on Thursday following new measures to curb coronavirus infections in several countries. As the world’s second-largest virus hotspot, India is seen as more sensitive to vaccine-related developments than other Asian markets, with strategists expecting economic and earnings

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Sensex up on economic recovery prospects; rupee ends higher ...Qatar

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